Yeah it's not 82,500 points.
Yeah there's no lounge passes (but there's no annual fee).
Yeah you only get 5,000 points without purchasing a Qantas flight.
Yeah but you can claim a $25 gift card after a $300 spend.
Each to their own.
Earn up to 7,500 bonus Qantas points when you apply by 2 February 2016 as a new Card Member, are approved and meet the following spend criteria:
- 5,000 bonus Qantas Points when you spend $300 on eligible purchases on your new Card within your first three months of Card Membership
- 2,500 bonus Qantas Points after your first Card spend in Australia on selected Qantas products and services
Full terms and conditions in the link.
This has always been the case… a questionable deal at best…